Your Nevada Company Formed By:
10:23:34 PM
Corporation
Friday
November 22nd
Starting a Business in Nevada
The Basics
In Nevada there are a number of steps that you must follow to setup a new company, and we can assist you with every step of the way. Our Nevada Business License Compliance Package can assist you with the required filings and licenses.
When you plan to setup a Nevada LLC or if you plan to form a Nevada Corporation, our trained document reviewers will research name availability based on the Nevada specific requirements and restrictions…sometimes saving months in filing time.
We can take care of your filings; you take care of your new business. We’ll even include website, email, and phone service at no additional upfront cost so you can get on the web and start fielding client calls in minutes.
Doing Business in Nevada
Business Maintenance
All Nevada Corporations and LLCs Must File:
- Articles of Incorporation
Nevada corporations and LLCs are formed by filing the Articles of Incorporation or Articles of Organization with the Nevada Secretary of State. It costs $75 to form a Nevada LLC. The filing fee for a Nevada corporation is based on shares authorized and is at least $75.
- Initial List
All Nevada corporations must file an initial list which includes the registered agent as well as the members or officers/directors after formation. The initial list is due by the end of the month following the month in which you formed your business. The initial list form is combined with the Nevada Business License Application. There is a $150 fee to file the initial list. You may choose to file the initial list and business license application online. If you file online, you’ll need to pay a 2.5% credit card processing fee.
- Beneficial Ownership Information Report
Nearly all businesses formed by filing with the state of Nevada must file a federal Beneficial Ownership Information (BOI) Report with the Financial Crimes Enforcement Network (FinCEN) following business formation. You can file online through FinCEN at no cost. Or, take advantage of our professional BOI report filing service for just $25.
- Annual List
Nevada corporations and LLC’s must file annual reports with the Secretary of State by the end of their filing anniversary month each year. Nevada corporations and LLCs must pay a $50 fee. The Nevada annual report may be filed online. If you file online, you’ll need to pay a 2.5% credit card processing fee.
Nevada Business License
Nevada does have a state business license requirement. You can apply for the business license along with your initial list. Then you can renew them both annually. The Nevada Business License costs $500 for corporations or $200 for LLCs. The state also charges a 2.5% credit card processing fee for all online filings.
Many Nevada businesses also need an occupational license or a local license/permit from the city or county.
Nevada Business Taxes
Individual Income Tax
Nevada does not have personal income tax.
Corporation Income Tax
There is no corporate income tax in Nevada.
Why businesses choose to incorporate in Nevada
Over the past years, many of our customers have chosen to Incorporate in Nevada. We have assembled a brief list of reasons why Nevada has become such a popular state:
- No Corporate Income Tax
- No Taxes on Corporate Shares
- No Franchise Tax
- No Personal Income Tax
- Nominal Annual Fees
- Nevada corporations may purchase, hold, sell or transfer shares of its stock.
- Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
- No Franchise Tax on Income
- No Inheritance or Gift Tax
- No Unitary Tax
- No Estate Tax
You can see from the list above that the State of Nevada has many great advantages that some other states don’t have. But it’s not all advantages for filing in Nevada. If your business operations are located in a state other than Nevada, you are most likely required to file as a foreign entity within your own state.
Save time and save money, while you are protecting your personal assets…choose Incorporate Fast today.